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Tag Archives: agreement

EU reaches deal for $60-per-barrel price cap on Russian oil

The European Union reached a deal Friday for a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the global oil market to prevent price spikes and starve President Vladimir Putin of funding for his war in Ukraine. After a last-minute flurry of negotiations, …

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Greece and Australia discuss agreement to avoid double taxation

Greece and Australia are negotiating an agreement to avoid double taxation. this was announced by Deputy Foreign Minister in charge for Economic Diplomacy and Openness, Kostas Fragogiannis. In an interview with the Australian expatriate newspaper “Hellenic Herald”, Fragogiannis underlined the great potential for strengthening cooperation with Australia and the great …

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EU: Several Airlines agree to quickly refund canceled flights

The European Commission has reached a deal with airlines to provide EU consumers guaranteed timely refunds on canceled flights. The EU commission announced said quick cancellation refunds were in line with EU law Several airline companies agreed on Wednesday to reimburse passengers in Europe for canceled flights within seven days, …

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Greece struggles to limit Turkey’s influence in Libya

During his visit to Libya, Foreign Minister Nikos Dendias raised the issue of maritime border demarcation saying that the memorandum signed between Turkey and the previous Libyan government was “illegal.” He implied that the two countries may proceed with delineation of mutual maritime borders in the Mediterranean Sea. And he …

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Greece, Israel to sign agreement for Air Force School, a $1.68 billion project

The completion of the agreement for the creation and operation of an Air Force School (training centre) for the Greek Air Force, to be signed by Israel and Greece, worth 1.68 billion dollars for 20 years, was announced by the Israeli embassy in Greece on Tuesday. The agreement includes the …

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Parliament to ratify maritime boundaries agreements with Egypt, Italy

Τhe Greek Parliament debate on the ratification of the agreements with Egypt and Italy on the demarcation of the sea boundaries will start on Monday, August 24, government spokesman Stelios Petsas announced on Thursday. The texts of the two agreements were submitted to the Parliament earlier today. The relevant vote …

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Greece and Egypt sign historic agreement for delimitation of EEZ

Greece and Egypt have signed an agreement for the delimitation of the Exclusive Economic Zone (EEZ) between the two countries in the Eastern Mediterranean Sea. The agreement was signed by Greek Foreign Minister Nikos Dendias and his Egypt counterpart Sameh Shoukry in Cairo on Thursday afternoon. Unofficial map as posted …

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Greece and TUI sign “strategic cooperation agreement”

Greece and British-German multinational travel company UI signed a strategic agreement on Tuesday with the commitment to support the Greek tourism. Tourism Minister Haris Theoharis and chief executive of TUI Group Sebastian Ebel signed the agreement on the island of Kos, where the first international flight, a special TUI flight …

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Novartis Hellas to pay $225 million to resolve U.S. bribery charges

The U.S. Department of Justice said on Thursday that Novartis Hellas, a Greece-based unit of the Swiss drugmaker, entered a deferred prosecution agreement and will pay a $225 million criminal fine. Novartis will also pay $112.8 million to settle related civil charges by the U.S. Securities and Exchange Commission. Novartis …

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Greece and Italy signed agreement on Exclusive Economic Zone (EEZ)

Greece and Italy signed an agreement on the delimitation of maritime zones between the two countries on Tuesday. Greek Foreign Minister Nikos Dendias and his ITalian counterpart Luigi DiMaio put their signatures on the historic agreement for the delimitation of the Exclusive Economic Zone (EEZ). TI si the first EEZ …

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Greece to benefit from Eurogroup decision by 6 billion euros

European Union finance ministers agreed late on Thursday on a 540-billion-euro package of measures to combat the economic fallout of the coronavirus pandemic. “Today we agreed on three safety nets and a plan for the recovery to ensure we grow together and not apart once the crisis is behind us,” …

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UN to post coordinates of EEZ maps of Turkey-Libya Agreement

United Nations’ Division for Ocean Affairs will post the geographical coordinates outlined in the maritime border agreement signed by Turkey and Libya in November 2019. Including the memorandum’s sea zone maps in the UN’s database is expected to give them an official character. Athens is concerned, however, it tries to …

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US: Turkey-Libya MoU “provocative”, islands have EEZ & continental shelf

With a good portion of delay, the US State Department finally took position on the Turkey-Libya Agreement and Ankara’s Claims that the Greek islands have neither Exclusive Economic Zone and continental shelf. The agreement on maritime boundaries in the Mediterranean Sea signed by Turkey and the Tripoli-based Government of National …

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Greece, Egypt, Cyprus, France & Italy condemn Turkey-Libya Agreement

The Foreign Ministers of Egypt, France, Cyprus, Greece and Italy met in Cairo on Wednesday to discuss latest regional developments and the situation in East Mediterranean Sea. the five foreign Ministers issued a communique in which they condemned the Turkey-Libya Agreement. A day earlier, EU’s foreign policy chief and the …

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Turkey submits MoU to UN to register “maritime boundaries” with Libya

“Turkey has applied to United Nations to register the agreement signed with Libya that sets  the countries’ maritime boundaries in the Eastern Mediterranean,” Anadolu news agency reported on Thursday. Citing diplomatic sources, Anadolu said Ankara applied to the UN to register the memorandum on Wednesday. A Foreign Ministry official confirmed …

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